Situation In Europe Worsened Significantly Over Last Few Weeks: ECB's Noyer
The situation in Europe worsened significantly over the past few weeks, European Central Bank Governing Council member Christian Noyer reportedly said Wednesday.
At a conference in Singapore, Noyer said that Europe is going through a true financial crisis.
Noyer, also the Bank of France governor, reiterated that market stress has intensified. He added that bond markets are not functioning normally in Eurozone.
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